The spirit of the current market has been reminiscent of a healthy bull market. However, this time the focus has been majorly on altcoins. Altcoins like Chainlink [LINK] and Tezos [XTZ] have been marching to the beat of their own drums and have proven to be among the handful of resilient altcoins. LINK reported gains...Read More
The cryptocurrency market has for long tried to emerge as a savior from the web of complicated and somewhat flawed, traditional financial systems. Alas, the system that was supposed to lead by example by pushing forth a decentralized and open alternative hasn’t always convinced, with some crypto-users picking and choosing the moments to follow these...Read More
Bitcoin is now trading close to $12,000, a level which it breached and broke below two times over the past two weeks. Will it be third time lucky for the world’s top cryptocurrency? Since breaking over $12,000 on 2 August, for the first time since June 2019, it has been subject to a ‘bull trap.’...Read More
Many of the market’s cryptocurrencies, at the time of writing, were going through an upheaval of sorts on the charts. Binance Coin was in a general uptrend, before noting a retracement. On the other hand, TRON and IOTA gave significant signals regarding the direction of their future price movements. With Bitcoin attempting to breach $12,000,...Read More
Over the past decade, the crypto-market has diversified significantly and today, the average crypto-user has a wide variety of options in terms of coins and derivatives products to choose from. However, this growth hasn’t translated well when it comes to addressing issues pertaining to regulatory and tax compliance. Tax laws and the IRS’s guidelines for...Read More
XRP’s price recorded substantial gains on the charts as the month of July came to a close. Surprisingly, since the start of August, this trend has reversed slightly, with the price failing to break key resistances a few times. However, the price of the market’s fourth-largest cryptocurrency may be gearing up for yet another surge...Read More
Disclaimer: The findings of the following article will attempt to analyze the impact of emerging patterns in the long-term Litecoin market The volatility in the market has been pushing the price of most cryptocurrencies around and at present, this trend is forming lower. In fact, Litecoin [LTC] has been one of them, having broken out...Read More
Lumens, Steem, and Decred have been flashing strong signals recently, after being held back by their resistance levels for weeks. The mid-cap coins, DCR and STEEM, in particular, might witness a major surge in price, especially when compared to their performances over the past few weeks. Stellar Lumens [XLM] Source: XLM/USDT on TradingView XLM has...Read More
With Bitcoin once again inching closer and closer to $12,000, some are hopeful of the rise while others are fearful of a fall. Depending on which side of this equation you’re on, you’re either a hodler or a seller. Each side has an equal tug on the market as while hodlers are hodling on expecting...Read More
Ethereum has been enjoying one of its most active days in the market, with the crypto-asset’s price spiking on the charts after some time. Despite an active spot and derivatives market, however, the crypto-community on social media seemed to be besotted by one question only – Ethereum’s circulating supply. According to Ethereum’s founder Vitalik Buterin,...Read More
Owing to Bitcoin’s market dominance, the impact of its price performance on the rest of the market is often overwhelming. Since breaching its previous resistance level, Bitcoin’s charts seem to have plateaued, with BTC holding firm under the $12,000-mark for a few days now. However, Bitcoin’s consolidation meant that the rest of the market was...Read More
DeFi’s ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well to climb to $5.77 billion, at the time of writing. In the eyes of many, DeFi is the hot property of...Read More
Ethereum, Synthetix, and Zcash seem to be going into the weekend hopeful of upward price movement since, at the time of writing, these three cryptocurrencies were showing signs of potential. The weekly close of Ethereum for last week can be great news for what could be in store ahead. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
Bitcoin Cash‘s price movement since the beginning of the month has been stuck between the $290 – $320 price level. While the coin did manage to stay above the $300-level for a while, the past week saw BCH slump even further on the charts. At the time of writing, Bitcoin Cash was being traded at...Read More
It feels like just a few weeks ago we were talking about Bitcoin’s $10,000 breakout, and now the cryptocurrency is positioned to go past $12,000. This wouldn’t be the first time Bitcoin has broken over this level in the past few days, but if it manages to stay above the same for at least a...Read More
Over the last few months, it would seem that much of the altcoin market has been driven by its own momentum and the organic developments in its own ecosystem. This is a good thing as such movement has given credence to those who believe that one day, these alts may, to a great extent, move...Read More
After doing well to surge past its previous resistance on the charts, Bitcoin, at the time of writing, seemed to be gaining strength. While it did so, most of the market’s altcoins were reacting differently to the same. Many of these alts seemed to lack momentum on the charts, which is why many of them,...Read More
Ethereum has been indicating strong signs of bullish momentum in the cryptocurrency market. The second-largest digital asset has been on an upwards journey since mid-July and witnessed another boost in terms of its price on 13 August. As the price of Ether surged by 18.55% within a day, the value of ETH peaked at $432.94....Read More
Leaving aside the fact that Bitcoin has been a strong ‘buy’ for a number of years [except 2015 and 2018, if we’re being picky] short-term traders get very anxious looking at the immediate price movement of Bitcoin. In times like these, it is better to be a hodler than a trader, but what if there...Read More
Apart from the value of the second-largest asset, another feature driving people’s attention towards it was the spike in its gas price. The amount of fees being spent on the Ethereum network has reached an all-time high. Data from Glassnode suggested that over 17,500 ETH [USD $6.8 million] were currently being spent on fees daily...Read More
Disclaimer: The following article attempts to analyze the short-term impact of emerging patterns in the Ethereum market along with its price. On late 13 August, the Ethereum market rallied by at least 10% within 5 hours, as the price of the second-largest digital asset surged from $391 to a peak of $432. The sudden boost...Read More
With 2020 proving to be a year quite unlike any, there is a lot of debate around how cryptocurrencies can emerge quite successfully amidst the extreme uncertainty that has taken over the economy. For Bitcoin, the world’s largest cryptocurrency, 2020 was important as it underwent its third block reward halving, an event that reinforced its...Read More
Digital assets such as Bitcoin, Ethereum, XRP, etc, have become popular household terms in the financial world over the past decade. With its initial objective of easing the process of payments and transactions, the cryptoverse has become extremely competitive over time. Several years after the Bitcoin idea of a decentralized cryptocurrency was evident that cryptocurrency...Read More
Binance Coin now finds itself on the fringes of the top-10, occupying the 10th spot owing to the consolidating movement of the new entrant Chainlink following its recent surge. With a market capitalization of $3.15 billion, the exchange token is only a few million ahead of Crypto.com in eleventh with a market cap of $3.11...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a break at the time of writing, with BTC consolidating its position on the charts, rather than attempting to breach its psychological resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours. Source: CoinStats...Read More
Arguably the best way to earn a passive income from your crypto is with Decentralized Finance (DeFi) solutions. DeFi applications account for the placement of $2 billion worth of crypto assets and this number is growing all the time. What is DeFi? DeFi is revolutionizing the way we manage our money through the creation of...Read More
As the largest cryptocurrency in the market, Bitcoin has been an important asset for traders. As soon as the coin broke out of its dormant stage, the BTC market saw interest flooding into the market. However, Bitcoin’s spot market has been losing a lot of volume over the past week, largely owing to the fact...Read More
Bitcoin has been around for over a decade now and one of its key features that solved the double-spend problem was its consensus algorithm – Proof of Work. Since then, however, PoW has come under increased scrutiny from many camps and with the likes of Ethereum transitioning towards Proof of Stake, there are many who...Read More
Although the journey for many altcoins in the market has been rough and volatile lately, Chainlink has continued to register high returns across the market. Given its weak correlation with the world’s largest digital asset, Bitcoin, LINK has been spiking more than any other major asset in the market. In fact, LINK was recording gains...Read More
There is a lot happening within the Ethereum ecosystem. Although Ether’s value has struggled to break above $400, at the moment, the network is witnessing astonishing levels of activity. However, the balance in the Ethereum space did not seem completely right as while a few metrics flashed warning signs, others were noting new highs. Source:...Read More
